Banking Term: Banking Book
Find important banking term that is useful in upcoming banking exam.
The banking book comprises assets and liabilities, which are contracted basically on account of relationship or for steady income and statutory obligations and are generally held till maturity.
These securities are accounted for in a different way than those in the trading book, which are traded on the market and valued by the performance of the market.
In other words, an accounting book that includes all securities that are not actively traded by the institution, that are meant to be held until they mature.